UK cinemas embrace digital IDs for age verification May 30, 2022 UK cinemas embrace digital IDs as the face of cinema continues to evolve with the times.
Explainer-in-brief: Behind a Twitter takeover that looks like a soap opera May 30, 2022 When Elon Musk decided to buy Twitter, the Internet went crazy. Some were celebrating the billionaire’s penchant for protecting free speech, others were scared that Twitter would turn into a hate speech nightmare. Now the saga has taken a different turn, with Musk being sued by Twitter investors for driving down the share price of [...]
FTSE 100 continues rally as markets boosted by relaxing of China’s Covid measures May 30, 2022 London’s FTSE 100 hit its highest level in a month, buoyant by 0.4 per cent, as the relaxing of Covid restrictions in China boosts confidence across international markets. The capital’s premier FTSE 100 index climbed to 7615.82, having closed at 7,585.46 on Friday. British Airways owner International Airlines Group led the charge with a three [...]
Rapid rise of ‘advance fee’ loan scams: Cases rise by 90 per cent in just 12 months May 30, 2022 So-called ‘advance fee’ loan scams have soared by more than 90 per cent this year, according to new data shared with City A.M. this morning. The rising number of cases comes as Lloyds Bank warned that, on average, the amount stolen from victims is around £231. “Advance fee” loan scams take place when victims applying [...]
Canadian bank CIBC subjected senior exec to racial and sexual discrimination, lawsuit says May 30, 2022 An ex-senior banker at one of Canada’s biggest banks has filed an £800,000 lawsuit against her former employer over claims she was subject to racial and sexual discrimination while working at the firm. Zhuofang Wei, a former executive director at the London office of the Canadian Imperial Bank of Commerce (CIBC), is suing the bank [...]
Motorists brace themselves for chaos as 19.5m trips planned for Jubilee weekend May 30, 2022 Motorists will need to brace themselves for a bumpy ride as 19.5m trips are planned for the Jubilee Bank Holiday weekend. According to data published today by RAC, Friday will be the most congested day due to a combination of people going for a day trip and families coming back from half-term holidays. The M25 [...]
Ted Baker shares lift after reports Reebok owner could clinch £300m takeover May 30, 2022 Ted Baker shares have swelled after it was reported that Reebok owner Authentic Brands may win a takeover battle for the fashion chain. Shares were up by as much as 3.1 per cent in early trading on Monday. This followed a report by Sky News that Ted Baker was eager for Authentic Brands – which [...]
US Inclusive Capital considers bid for Countryside despite past rejections May 30, 2022 US investment adviser Inclusive Capital Partners (In-Cap) has announced it was considering another bid for Countryside even though its previous offers were rejected by the construction firm’s board. In-Cap said Countryside’s board prevented shareholders from making a lucrative deals after a 295p per share cash offer made by the San Francisco firm was axed on [...]
Foxtons nabs Chestertons boss for CEO job as estate agent eyes larger London presence May 30, 2022 Foxtons has appointed Guy Gittins to head the London estate agent from this autumn. Gittins, who currently holds the title of chief executive at rival estate agent Chestertons, will take on the job of Group CEO at Foxtons on 5 September. He will be replacing Nic Budden, who has been CEO of the London-listed company [...]
P&O’s boss praised for ‘amazing job’ by Dubai owner despite sackings scandal May 30, 2022 DP World, the Dubai-based owner of disgraced ferry operator P&O, has praised chief executive Peter Hebblethwaite for doing an “amazing job” when he fired 800 seafarers in March. Chief executive Sultan Ahmed bin Sulayem said P&O’s management took the decision without interference from the parent company and that could not be reversed, despite attempts by [...]
